A video uploaded on YouTube by CRYPTO BLOCKS discussed signs that show Kaspa’s price could be about to explode. The speaker acknowledges the recent market downturn and describes it as depressing. Despite the drawdown, the speaker shares optimistic views about the market’s potential rebound.
The crypto analyst examines the weekly chart of Total Two, noting the market’s structure from 2017 and comparing it to the current structure. They highlight a similarity in the candle patterns, suggesting a potential upward trend if the current structure mimics the past.
A similar analysis is conducted on Total Three (excluding Bitcoin and Ethereum), showing how current patterns align with past bullish trends. An ABC structure appears to be completing, indicating a possible upward movement.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less – Bitcoin and General Market Sentiment
Crypto Blocks emphasizes the importance of Bitcoin breaking resistance levels to signal a broader market uptrend.
They mention bullish divergence on the daily RSI for Bitcoin, suggesting potential upward movement.
The video touches on gold as a risk-off asset, noting its current price levels and implications for the broader market. The speaker also references the Russell 2000 index, explaining its role in indicating overall market health.
Read Also: XRP Price Pumps as SEC Announces Secret Meeting – Is It About Ripple?
Kaspa Price Explosion
Kaspa ranks number 23 with $48 million in daily volume and a market cap just over $4 billion.
Despite being down 1.4% for the day, the speaker expects this to change due to market conditions.
The speaker discusses Kaspa’s price pattern, noting a significant bottom touch four times and the upper area twice, suggesting a solid support level.
Various timeframes (12-hour, 8-hour, 4-hour, daily, 3-day, 5-day) show different RSI conditions, with some indicating bullish signs.
KASPA KAS SIGNS THIS MARKET IS ABOUT TO EXPLODE !!!!
The speaker provides a detailed technical analysis, highlighting potential pullback levels and future price targets. They mention a possible ABC pattern forming, with a target of around $0.185 in the short term.
If the broader market (especially Bitcoin) breaks out, Kaspa could potentially reach and surpass $1 during this bull run.
The crypto analyst expresses a strong belief in a market rebound and encourages viewers to stay optimistic. They reiterate their expectation of a significant market movement, especially for Kaspa, driven by broader market trends and technical indicators.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post YouTuber Predicts Kaspa (KAS) Price is About to ‘Explode’ – Here’s How appeared first on CaptainAltcoin.